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Net lease news – page 51
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Arizona Land Consulting Eyeing W. Phoenix for Massive Entertainment-Themed DevelopmentArizona Land Consulting revealed plans for a development west of Phoenix that could include a movie production studio, amusement park, hotels, retail and a data center campus.
Representative imageAres Buys Two Fully Leased Miami Warehouses for $109MAres Management has acquired two fully leased warehouses in Miami-Dade County from BGRE for a combined $108.7 million, property records show.
AI Data Center Investment To Hit $31.6T — But Europe Reaches LimitsAI data center investment to reach $31.6T by 2050 amid soaring demand. Europe lags due to constraints.
JV Developing DFW Data CenterNorthampton Capital Partners and Provident Data Centers are developing a turnkey data center with 54 megawatts of critical capacity in the North Dallas Corridor in the Dallas-Fort Worth Metroplex. The project is slated to come online in late 2027.
Gaia Lands Another Extension for Williamsburg Apartments’ $48M LoanIt’s déjà vu for Gaia Real Estate. The developer landed for the second straight year a one-year extension for its $48 million loan on loan with Raymond James Bank backing a multifamily property at 55 Hope Street in Williamsburg, Brooklyn, Commercial Observer can first report.
Sam Moon Group Advancing 397-Unit Shenandoah Apartment ProjectThe Sam Moon Group (SMG) is developing the Residences at Metropark, a 307-unit Class A luxury apartment project located in Shenandoah, Texas. The housing development is set to open for leasing in the summer of 2027, with move-ins beginning in late 2027.
Membership Platform Patreon Renews 45K-SF Sublease at 75 Varick StreetPatreon is staying put at its offices in Manhattan’s Hudson Square.
Data Center Geography: More Than Tax Incentives and Facility NumbersThere’s more to understanding data center buildouts than counting facilities, according to a just-released report from the Institute of International Finance (IIF).
HR Tech Firm Gusto Expands to 76K SF at Vornado’s Penn 1Human resources technology company Gusto has doubled its footprint at Vornado Realty Trust’s 2.5 million-square-foot Midtown office tower Penn 1, also known as 1 Pennsylvania Plaza.
Data Center Operator to Begin Work on 192K-SF Hutt0 Project in DecemberColovore is planning to start construction on the 192,000-square-foot data center project at 2401 Innovation Blvd. in December. The project will be complete by December 2028. The price was pegged at $280 million.
Camden Pays $88.6M for Nashville Apartment HighriseCamden Property Trust acquired the Harlowe multifamily community in Nashville’s Gulch neighborhood. The price was $88.6 milion or nearly $300,000 a unit. The apartment complex will be redubbed Camden Gulch.
Representative imageStrong U.S. Jobs Report Sets the Stage for Possible Rate HikePayroll employment in the U.S. increased by 162,000 jobs in August, but that uptick did little to reduce the nationwide 4.1 percent unemployment rate. In its monthly jobs report released Friday, the U.S.
Wood Partners Breaks Ground on All-Electric Community Near BostonNational multifamily developer Wood Partners is expanding its presence in Massachusetts with the construction of a sustainable 237-unit community in Concord, about 20 miles northwest of Boston.
Gwinnett County Rental Asset Trades for $67.2MA 352-unit multifamily development in the Gwinnett County town of Lawrenceville has sold for $67.2 million. The Atlanta Business Chronicle reports that Oxford Properties was the seller and Sherman Residential was the buyer.
Representative imageMarcus & Millichap Brokers $11.4M Sale of Lower Manhattan Apartment BuildingNEW YORK CITY — Marcus & Millichap has brokered the $11.4 million sale of 196 Bowery, a seven-unit apartment building located in the NoLita neighborhood of Lower Manhattan. The building includes a ground-floor retail space that is leased to Genyth Tattoo.
Cushman & Wakefield Negotiates $83M Sale of Whole Foods-Anchored Shopping Center in Doral, FloridaDORAL, FLA. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed shopping center located in Doral, a western suburb of Miami. According to multiple media outlets, the property sold for $83 million.
HMF Americana Acquires Land from Harris Teeter in Metro Charlotte, Plans Build-to-Rent DevelopmentCHARLOTTE, N.C. — HMF Americana, a “hybrid home” development firm, has acquired a development site in metro Charlotte from locally based grocer Harris Teeter with plans to develop a 221-unit build-to-rent residential community.
JLL Arranges Sale of 356,514 SF Office Building in OrlandoORLANDO, FLA. — JLL Capital Markets has arranged the sale of Sea Harbor Office Center, a 356,514-square-foot office building located across from SeaWorld in Orlando.
Morgan Stanley Fund Pays $93.1M for Florida Senior Housing PortfolioMorgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), acquired a Class A seniors housing portfolio located in the Orlando and Tampa metropolitan areas.
Representative imageJLL Negotiates $7.9M Sale of Medical Office Building in Wayne, New JerseyWAYNE, N.J. — JLL has negotiated the $7.9 million sale of a 37,770-square-foot medical office building located at 601 Hamburg Turnpike in the Northern New Jersey community of Wayne. The three-story building was completed in 2002 and was 97 percent leased at the time of sale.